Do you also want to know that how to create a PayPal account in Pakistan. Why every freelancer wants to have a PayPal account. So, if you are the one who want to know the answer of these questions, read this article thoroughly.
HISTORY OF PAYPAL:
PayPal is an American payment gateway company which provides its services worldwide to send and receive money online. At the moment it is the fastest, most reliable and secure online medium to send and receive money, currently they are offering their services in 202 countries and their active current users are approximately 286 million. There are around 25 currencies in which you can work with it.
PayPal was established as Confinity back in the month of December in 1998. It was merged with X.com in March 2000. X.com was founded by Elon Musk and he changed its name to PayPal in the year 2001. PayPal can be used on computers, laptops and smart phones (android & ios).
PayPal was remained in limelight in Pakistan last year that they may start their services in Pakistan but PayPal declined the offer of Pakistani Government to start its services in Pakistan.
Why Pakistani Government wants that PayPal should start their services in Pakistan. What is the attraction behind this, we should look at some of the stats related to this,
According to the Payoneer, Pakistani freelancers are at number fourth largest in the world and this community brings around $1 billion to Pakistan using different sources other than PayPal.
There is an estimate that Pakistan has more than 200,000 freelancers at the moment and if we analyze the stats there will be a lot of people who have the need of PayPal in Pakistan.
PayPal Benefits and Features:
It is simple and fastest medium of sending and receiving money online. Below mentioned are the main features of PayPal.
- Flexible for Sellers
- Safety and Security
- Privacy of Account
- Easy to Keep Records
- Worldwide Acceptance
PayPal and Pakistani Freelancers/ E-Commerce Market:
Pakistan has a huge freelancer community and E-commerce market. Industrial cities of Sialkot and Faisalabad have these type of their products which are compatible/in-demand in international market and international customers has trust in PayPal payment gateway and Pakistani exporters don’t have this facility that’s why they face difficulties in selling their products internationally. Trust is the main factor in e-commerce industry, if PayPal comes to Pakistan, it will definitely increase the exports of Pakistan and the same scenario in freelance market, that working on Fiverr, Upwork and other freelancer platforms, Pakistani people have to use the PayPal accounts of their relatives and friends living abroad but if PayPal starts its services in Pakistan, these freelancers will be able to receive their payments without any difficulties and hurdles directly.
Due to this issue, it is the most searched question on internet in Pakistan that
How to create PayPal account in Pakistan?
Is PayPal banned in Pakistan?
How can we withdraw money from PayPal living in Pakistan.
Now coming to the point, how to create PayPal account in Pakistan. First, if you have any friend or relative living abroad on which you can trust, I think you should prefer to use his PayPal account but if you don’t have then you have to apply this trick but be sure to check the policies and terms and conditions of PayPal before doing this all,
To create PayPal account,
Go to PayPal signup page
On this page click on the button to Sign Up for Free
Then on next page, click on Personal or Business Account as per your need.
Then on next page Enter your email address and create a strong healthy Password.
And provide the information which are required by PayPal. In address section you will have to give any valid address of any country where PayPal is offering their services because PayPal does not work in Pakistan so it will not accept the Pakistani address. Complete the form there and confirm the email address from your mail box.
After creating PayPal account, you will have to create another Account on Payoneer because if you want to withdraw the payment in Pakistan you will have to create the Payoneer account as it operates in 200 plus countries including Pakistan. After Signing Up on Payoneer. Payoneer will issue you a virtual bank account number in any of bank with which they are working in USA. You will have to withdraw your payment from PayPal to your virtual bank account of Payoneer and then from Payoneer you can withdraw from their Master Card or to any of your bank accounts in Pakistan. Now, go back to your PayPal account, click on the Link Bank Account Option and from Payoneer’s account, get your virtual bank account number and add it into PayPal.
But you should check with both Payoneer and PayPal Policies before doing this all. This is a solution, how to get PayPal account working Pakistan.
Try it at your own risk and enjoy the benefits of PayPal services in Pakistan.
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